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Posted on on September 11th, 2011
by Pincas Jawetz (


Tu Ne Cede Malis

Advancing the Scholarship of Liberty In The Tradition of The Austrian School

Intellectual home of the American Tea Party and championed by US Congressman Ron Paul

Is coming to visit the historic base – Vienna, Austria September 19-23, 2011.…

REGISTER HERE or register by phone at 334-321-2101 Thursday August 25 is last day to guarantee hotel room.

It is all happening in Vienna this fall. The Mises Institute returns to the home of the Austrian School with lectures and tours of the place that gave birth and rise to the global movement for freedom, the very home of Carl Menger, Ludwig von Mises, F.A. Hayek, and the entire intellectual movement that came to the defense of liberty in an age of the total state.

Tentative Schedule

Monday, September 19   Academy of Sciences
12:30 p.m.  Registration and refreshments
1:00 p.m.    Welcome
1:15 p.m.    Gabriel Calzada Alvarez “Salamanca: Origins of the Austrian School”
1:45 p.m.     Eugen-Maria Schulak, Herbert Unterköfler, Rahim Taghizadegan “The Historical Background of the Austrian School”
2:30 p.m.    Discussion and refreshments
2:45 p.m.    Peter Klein “Mises Returns to the University”
3:15 p.m.    Joseph Salerno “Mises as Currency School Free Banker”
3:45 p.m.    Discussion and refreshments
4:00 p.m.    David Howden “The Moral Hazard of Deposit Insurance”
4:30 p.m.    Robert Murphy “Contributions of Mises in The Theory of Money and Credit”
5:00 p.m.   Adjourn
Dinner on own.

Tuesday, September 20
8:30 a.m.    Coffee
9:00 a.m.    Toby Baxendale “Cobdenite Bills and Financial Stability”
9:30 a.m.    Josef Sima “Austrian Economists in the Age of European Political Centralization”
10:00 a.m.   Thorsten Polleit A priori Theory and the Sound Money Principle”
10:30 a.m.   Discussion and refreshments
10:45 a.m.   Philipp Bagus “The Tragedy of the Euro”
11:15 a.m.   Arlene Oost-Zinner “Myths and Monsters: The Truth About Translation”
11:45 a.m.  Guido Hülsmann “The Evolution of Mises’ Monetary Thought”
12:15 p.m.  Adjourn
Lunch and dinner on own.
2:00 p.m.    Meet at front of Academy of Science for optional walking tours of Austrian economics sites.

Wednesday, September 21
8:30 a.m.   Coffee
9:00 a.m.   John Denson “The Birth of the Mises Institute”
9:30 a.m.   Douglas – Freedom Through Technology”
10:00 a.m. Discussion and refreshments
10:15 a.m.  Jeffrey Tucker “The Austrian Masters on the Digital Age”
10:45 a.m.  Mises Around the World: A Panel of Global Mises Institutes.  Douglas French, Helio BeltraoVlad TopanJosef SimaJoakim Fagerström, and Joakim Kämpe
11:30 a.m.  Discussion and refreshments
11:45 a.m.  Hans-Hermann Hoppe “Why Mises (and not Hayek)?  And: On Politics, Money, and Banking.  Two Speeches in One”
12:30 p.m.  Adjourn
Lunch on own.
2:30 p.m.  Meet at front of Academy of Sciences for optional walking tour of Austrian economics sites.
6:00 p.m.  Reception, Kursalon Hubner Terraces
6:30 p.m.  Dinner, Strauss Hall
6:30 – 9:30 p.m.  Music

Sessions take place at the spectacular Academy of Sciences where Boehm-Bawerk once presided, in the heart of the historic city center.

The registration fee of $325 for Mises Institute Members ($625 per couple) includes opening reception on Monday, refreshment breaks, afternoon guided tours, and sessions.  ($410 per person for non-Members.  Join now for Member rates)  Meals are on your own.

The conference ends with a Classical Viennese evening of dinner and music on Wednesday at the spectacular Kursalon.   The registration fee for the reception and dinner is $125 per person.  Attire is cocktail or smart-casual.  (Jacket and tie optional.)

On Thursday September 22 and Friday September 23 there will be optional sightseeing trips to Wauchau, the historic heart of Austria in a beautiful valley along the Danube and a UNESCO World Heritage Site with monasteries, castles, and the oldest Austrian town.  We take a boat trip to the Benedictine Abbey of Stift Melk, and then continue on to Salzburg, setting for the Sound of Music, where we will spend Thursday evening.   On Friday we tour Salzburg and the beautiful resort area of Salzkammergut for more World Heritage Sites, returning to Vienna late Friday evening.

The cost for the optional guided tours on Thursday and Friday is $300 per person and includes all site admission fees.  Meals are on your own.

The Mises Institute can reserve accommodations for you at the following hotels where our group will be staying.   Your room will be guaranteed by your credit card, but you will pay the hotel upon arrival.  These prices are subject to change depending on currency rates at the time of arrival.  To reserve your room at any of the following, please call Kristy Holmes at 334-321-2101 or email her.    These rates are subject to change depending on the value of the dollar in September.  Breakfast is included at each hotel, and each room has private bath.   Space is limited, please reserve your room before Thursday August 25!

Kristy can also take your conference registration by phone.

Each of these hotels is in the historic city center, within walking distance of the Academy of Sciences where our sessions take place.

Vienna Map of hotels, Academy of Sciences, and Kursalon.

Hotel Post
Charming, 3 star hotel, combination of traditional and modern.  Very close to Academy, 3 minute walk.  $168 per double-occupancy room per night, no singles remaining.

Hotel Dan In’n Out
Economy, great for students, ten minute walk to Academy. $94 per double-occupancy room per night, no singles remaining.

Thursday September 22
Accommodations in or near Salzburg.  Approximate prices: $104 per double-occupancy room per night, $97 single rooms.
Friday September 23
Das Reinisch near Vienna airport (the Salzburg tour will arrive at the hotel late evening).  $188 per double-occupancy room per night,  $134 single room.   This hotel offers shuttle service to Vienna airport for app. $7.50 per person.   We recommend departures out of Vienna on Saturday instead of Friday, given the unknown late hour of arrival at the hotel.

TRANSPORTATION FROM VIENNA AIRPORT TO THE MEETING AREA UPON ARRIVAL:  we recommend a taxi (about 30 minutes from the meeting and hotels, cost approximately $43 one way).  There is also CAT (City Airport Train) which takes you to within 15 minute walking distance of the meeting and hotels and is approximately $23 round-trip.


The above was base for the following article in today’s Presse – and we bring the computer translation into English

the original in German –

National Economy: The return of the Austrians

10.09.2011 | 18:10 | Fabian Greimel ( DIE PRESSE AM SONYAG – The Press)

The ultra-liberal ideas of the Austrian school of economics in this country (meaning Austria – our comment) again find their audience. Next week the American Mises Institute in her honor at a congress in Vienna.

Austrians as a YouTube star? So far, 3.8 million times on the online platform, two videos have been called to show a fictional Rapduell two economists, whose struggles in the interwar period, dominated the economics.

It is an unequal battle: On one side is John Maynard Keynes, British economist who died in 1946, whose thoughts to characterize the present economic policy in Central Europe. On the other side of the Austrian Friedrich August von Hayek. 1974 his work on economic theory were awarded the Nobel Prize in Economics. At a time when he worked as an economist had almost been forgotten, like Hans Jörg Klausinger states – as opposed to the ideas of Keynes were already deceased.

Klausinger is an economist at the University of Economics and has been working intensively for many years with the history of the Austrian school of economics – that economic way of thinking, is considered one of its most important representatives of Hayek.

Dreams of the end of the state. The Nobel Prize was Hayek and the “Austrian school of economics,” a new impetus. The ultra-liberal economic ideas that flow were again widespread. Especially in the United States finds itself today to a loyal following of the Austrian theories. It stands out the Mises Institute in Alabama. This think tank is named after Ludwig von Mises, Hayek’s a teacher, who is considered the most radical liberal in the Austrians. The Institute organizes seminars in the U.S. and various courses for the Austrian School. This year, the Institute returns back to his roots. From 19 September meeting of the Friends of the Institute and the Austrian School in Vienna for a conference.

Douglas French, president of the Institute, sees the Austrian ideas in the U.S. on the rise, albeit less in the universities and in more people. There, the liberal voices would accumulate. He dreams, he said to “press” of a “market economy in which no state intervention in the economic process.” Even more: “In my dreams there is no state.”

The Tea Party as a legacy. The Mises Institute has a strong presence in the U.S.. It maintains numerous contacts with republicans and the economy. With Congressman Ron Paul sits a confessed “Austrian” in the U.S. Congress. The 76-year-old Republican candidate in 2008 when U.S. President (in 2012 he has also been announced) and is considered the intellectual father of the “Tea Party” movement. However, one can not say that the Tea Party supporters see themselves as “Austrians”.

That the Austrian school, especially in the U.S. is well placed, due to the fact that the great thinkers, all of whom lived in Vienna, emigrated to the burgeoning anti-Semitism in Austria in the 1930s of the last century in the United States.

In Austria, however, had after the Second World War, no political party accepted the liberal idea. Previously, these have been based at the German national parties, says Hans Jörg Klausinger.Das academic level at this time suffered under the intellectual bloodletting: All the great thinkers of the social sciences had left the country before the war. Occupied their posts at the universities of first loyalty to the regime, which were then exchanged in the course of denazification itself.

Made to the universities, especially mid-range wide-Scientists who mostly did not speak the English language, telling Klausinger. This would have had little interest in research and teaching at top level, but much more on selling their self-written textbooks.

The theory behind the crisis. Only in recent years, the ideas come from the Austrians in their home again this week. Barbara Kolm, general secretary of the Hayek Institute in Vienna, has been fighting for ten years. Successful as they say. “Hayek is on everyone’s lips” The economic crisis is an important cause. Because using the Austrian business cycle theory they had predicted the crisis that keeps the world in suspense since 2008.

“Austrians” had been made because, according to the policy of cheap money in recent decades, investments that have not been made without the intervention of central banks wären.Die recession shows where investment mistakes have been committed. Were the entrepreneurs were forced to, to liquidate the wrong resources employed or otherwise acquired einzusetzten.

Die Austrians were the only ones who predicted the Great Depression of 1929, as an inevitable result of monetary and credit-economic excesses, says Klausinger: “But her recipes came time lack of understanding, which harmed the school as a whole. “

The proposal would have meant Hayekianer for the politicians to do nothing: namely to stimulate the economy not by printing money and not to fund economic stimulus programs. But that no elections can be won. The alternative proposal from Keynes’s spring already more: the state should fix it and compensate for the precipitating consumption.

In the 1970s, of course, Hayek conceded that they would have at least as far as to print money that the money supply, which is actually in circulation does not return, (otherwise it is harmful for economic deflation). The Fed needs while the reluctance of banks to compensate for the credit. Pull back in time and money before lending picks up again – no easy task.

Barbara Kolm is not in their demands as far as the Mises Institute. She emphasizes that their policy recommendations only go so far that they actually have a chance of being implemented. For example, it accounted for as a success if Finance Minister Maria Fekter openly about the state savings or debt brake thinking – demands which are made by Hayek Institute for years. Generally they can not imagine an economy without a state. This must always provide for a legal regulatory framework in which the market process can take place.

Impact underestimated. Hansjörg Klausinger finds that the influence of the Austrian school is underestimated when only one counting out the scientists who describe themselves as “Austrians”. Hayek himself once said that the greatest economic success of a school would be that it ceases to exist as such because their teachings have become part of the scientific mainstream. And some knowledge of the “Austrians” have actually done it in the mainstream of economics.

An important example is the realization of the Austrians, that socialism can not work planned economy. According Klausinger 90 percent of economists would use here originally Austrian arguments. It is about lack of incentives for innovation or so that only a market price that reflects supply and demand information on which a central planner can never know.

Kolm hopes that the ideas of the Austrians in Central Europe continue to gain influence: “Sooner or later it will be forced to cut government spending.” In the new EU member states that was already noticeable. Maybe yes, Friedrich August von Hayek in Austria at the end of a star.


The print version of the article, but not the on-line version – has a great photo showing Friedrich August von Hayek (the student) with Ludwig von Mises (the teacher). The on-line version has only the photo of Mises.



1871 – veröffentlichte Carl Menger mit nur 31 Jahren sein Werk „Grundsätze der Volkswirtschaftslehre“. Aus historischer Sicht bedeutet die Veröffentlichung des Buches gleichzeitig die Geburt der Österreichischen Schule. Nur zwei Jahre später wurde er zum Professor an die Universität Wien berufen. Seine Schüler Eugen von Böhm-Bawerk und Friedrich von Wieser führten seine Arbeiten fort.

1919 – wird Joseph Schumpeter (der sich später von den Lehren der Österreichischen Schule abwandte) für sieben Monate Finanzminister Österreichs. Als einziges Kabinettsmitglied ist er gegen den Anschluss an Deutschland.

1927 – gründen Ludwig von Mises und sein Schüler Friedrich August von Hayek das Österreichische Institut für Konjunkturforschung (das heutige Wifo).

1931 – wird Hayek im 32. Lebensjahr als Professor an die London School of Economics berufen. Später geht er wie alle anderen „Austrians“ in die USA.

1974 – erhält Hayek den Wirtschaftsnobelpreis für seine Arbeiten in der Geld- und Konjunkturtheorie. Der Nobelpreis stärkte die öffentliche Wahrnehmung der Österreichischen Schule.


File Format: PDF/Adobe Acrobat – Quick View
by H KLAUSINGER – 2006
HANSJÖRG KLAUSINGER is a professor of economics at Vienna University of Economics and. Business Administration.
Barbara KolmLamprechter is the Secretary General of the Friedrich August v. Hayek Institute in Vienna, Austria.
The F. A. v. Hayek Institute was founded in 1993 to commemorate the work of Nobel Laureate Friedrich August von Hayek, and to promote the ideas of the Austrian School of Economics. As a private and independent academic research institution, it is modeled predominantly after Stanford University’s Hoover Institute, the IEA in London, and the ICER in Turin. The Institute extensively cooperates with other like-minded think tanks, and organizes academic conferences, seminars, and lectures that tackle current economic issues.
Location: F.A.v. Hayek Institut, Grünangergasse 1/15, 1010 Vienna.
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